AEP - American Electric Power Company Inc. reported fourth quarter (Q4) 2025 GAAP earnings of USD 582 million, or USD 1.09 per share. Q4 2025 operating earnings were USD 638 million, or USD 1.19 per share. For the full year (FY) 2025, GAAP earnings reached USD 6.70 per share, while operating earnings were USD 5.97 per share. The company reaffirmed its 2026 operating earnings guidance range of USD 6.15 to USD 6.45 per share and maintained its long-term operating earnings growth rate target of 7 to 9 percent. AEP highlighted a significant increase in incremental load growth, with 56 GW of incremental load expected by 2030, up from 28 GW previously, all supported by signed agreements. The company also identified opportunities for USD 5 billion to USD 8 billion of incremental investment beyond its existing USD 72 billion five-year capital plan.

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